Plan Ledger DOL Form 5500 · updated monthly

Musselman Hotels, LLC401(k)

MUSSELMAN HOTELS, LLC RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Musselman Hotels, LLC reported $6,215 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,027 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.15% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Kentucky (475th of 871), and the 563rd of 2,240 in accommodation & food services. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 214 to 267 since 2022.

Plan summary
Net assets, end of year$9,894,423
Participants with balances153
Active participants267
Employer contributions$274,304
Employee contributions$584,868
Employer contribution per active participant$1,027
Average account balance$64,669
Benefits paid to participants$386,442
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 153 accts · $274K emplr
2023$8.1M · 142 accts · $261K emplr
2022$6.7M · 151 accts · $246K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,422
Investment management$793
Total administrative$6,215
The Musselman Hotels, LLC 401(k) match · 2024
Employer contribution per active participant$1,027
Median for plans this size$1,313
2024$1,027 per active participant
2023$1,063 per active participant
2022$1,149 per active participant

Musselman Hotels, LLC's 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$6,215
ADP BROKER-DEALER · Other servicesindirect comp
ROBERT W BAIRD CO AKA BAIRD · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP, MOUNTJOY CHILTON MEDLEY LLP

This plan has changed recordkeepers within these filings. If you left Musselman Hotels, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,215 · 0.07%
2023$13,179 · 0.18%
2022$11,280 · 0.15%
Similar plansAccommodation & Food Services · Kentucky
Manna, Inc. KY$29.6M · 0.26%
Aljsco Management LLC. KY$15.4M · 0.52%
Malones Holding LLC KY$13.1M · 0.36%
Team Holland, Inc. KY$8.6M · 0.70%
Long John Silvers, LLC KY$8.4M · 0.43%
535 Main LLC KY$5.2M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311563828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.